Vnet (VNET) FCF Margin (2014 - 2025)

Vnet (VNET) posted FCF Margin of 87.69% for Q4 2025, down 24.39% sequentially from 115.98% in Q3 2025, and down 424.0% YoY from 27.06% in Q4 2024.

Vnet (VNET) FCF Margin (2014 - 2025) Analysis & Trends

Vnet has reported FCF Margin for 12 years, with the latest figure at 87.69% in Q4 2025.

Quarterly FCF Margin fell 424.0% year-over-year to 87.69% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 96.02% (up 1199.0% YoY) and the FY2025 annual result came in at 56.86%, down 2153.0% from the prior year.
FCF Margin eased to 87.69% in Q4 2025 per VNET's latest filing, from 115.98% in the prior quarter.
Over five years, FCF Margin peaked at 115.98% in Q3 2025 and troughed at 44.92% in Q2 2023.
A 5-year average of 78.22% and a median of 81.66% in 2022 frame the typical range for FCF Margin.
The widest YoY moves for FCF Margin: up 12790 bps in 2021, down 1913254 bps in 2021.
Over 5 years, FCF Margin stood at 91.65% in 2021, then slipped by 15 bps to 78.06% in 2022, then climbed by 18 bps to 92.08% in 2023, then retreated by 0 bps to 91.93% in 2024, then declined by 5 bps to 87.69% in 2025.
According to Business Quant data, FCF Margin over the past three periods registered 87.69%, 115.98%, and 91.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	International Business Machines	219.38 Bn	208.02 Bn	9.91 Bn	13.80%
2	Accenture	111.06 Bn	100.89 Bn	6.13 Bn	19.23%
3	Infosys	47.96 Bn	47.96 Bn	1.60 Bn	-
4	Cgi	32.80 Bn	32.34 Bn	-	15.08%
5	Cognizant Technology Solutions	28.32 Bn	27.27 Bn	1.83 Bn	8.37%
6	Fidelity National Information Services	20.92 Bn	20.17 Bn	1.17 Bn	7.82%
7	Broadridge Financial Solutions	20.67 Bn	20.27 Bn	853.00 Mn	28.94%
8	Wipro	19.82 Bn	18.75 Bn	738.00 Mn	14.81%
9	Leidos Holdings	17.78 Bn	17.03 Bn	817.00 Mn	16.70%
10	Vnet	1.78 Bn	950.66 Mn	77.27 Mn	87.69%

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